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Non-confirmation of FEMA seizure prevents adjudicators from overriding pending appellate findings on recorded reasons and suspected foreign asset hold...
Valuation of imported goods (Float Glass Sheets) - Transaction value - The Tribunal scrutinized the evidence provided by the Department and found it lacking in credibility. The imports cited for comparison were not sufficiently similar to the appellant's imports, both in terms of timing and product specifications. Additionally, the absence of conversion of prices from dollars to rupees further undermined the validity of the comparison. Consequently, the impugned order was set aside, and the appeal was allowed with consequential relief, if any, as per law.
Valuation of imported goods (Float Glass Sheets) - Transaction value - The Tribunal scrutinized the evidence provided by the Department and found it lacking in credibility. The imports cited for comparison were not sufficiently similar to the appellant's imports, both in terms of timing and product specifications. Additionally, the absence of conversion of prices from dollars to rupees further undermined the validity of the comparison. Consequently, the impugned order was set aside, and the appeal was allowed with consequential relief, if any, as per law.
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TaxTMI 
TaxTMI 
